Hi everyone I know I am a couple of weeks late with this post my apologies I have been busy with work and the World Cup has caught my attention. Today I am focused on finishing this post to give you guys a look at my financials to see if they have improved or declined from April.
May was a quiet month for me which is a positive. I did not make big purchases. One thing to mention about my employment at the end of May I got hired on as a part-time employee with my employer which is a step up from being classified as a supply custodian. I mention this because as a part-time employee I have 20 hours per week that is mine, on top of this my boss as placed me in a long term placement which gives me an additional 17.5 hours per week for a total of 37.5. This affects my finances because I now get paid every week which is kind of neat.
Let’s get to the numbers shall we!
All numbers are as of May 31, 2018
|Cash & Savings||$6,074.21||$5,312.87||$761.34|
Cash & Savings (+$761.34)
May was a good month for my savings, I was able to add more to my car account and emergency savings. I would like to eventually get my emergency fund up to $10,000 I don’t have a fixed deadline for this (maybe 2019??). In my April net worth post I mentioned that I would make an extra payment on my car loan well I delayed that until June.
|Locked in RRSP||$4,095.99||$3,948.00||$147.99|
My investments saw a nice bump in May. This growth came from fresh capital that I deployed in the month and through dividends received ($369.72). One small concern I have is that my RRSP account didn’t grow. Above it says it grew by $150.08 but I received $200.33 in dividends without that I would have lost $50. I may need to take a look at my account and see if I need to make some changes.
Car ( $14,282.00)
I currently own a 2015 Hyundai Elantra GLS and according to Canadian Black Book the value of the car is now $14,282.00. I check this every three months.
My liabilities declined nicely in May, I was able to pay off my balances that I had at the end of April. I have a small amount on my cards at the end of May. Also I made my regular two monthly payments on my car.
Yay I surpassed $130k. When you put all the numbers together May was the second best month of 2018 for me my net worth increased by $2,910.38.
How did you guys do in May?? I hope it was positive. I promise that my June post will be done more quickly 🙂
Thanks for reading I appreciate your support.